On October 22, 2024, James Anderson, Senior Vice President of Steel Dynamics Inc (STLD, Financial), executed a sale of 10,000 shares of the company at a price of $129.55 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 88,063 shares of Steel Dynamics Inc.
Steel Dynamics Inc, a prominent steel producer and metals recycler in the United States, is known for its electric arc furnace mini-mills that produce steel by melting scrap metal. The company operates through several segments, including steel operations, metals recycling operations, and steel fabrication operations.
Over the past year, James Anderson has sold a total of 10,000 shares and has not purchased any shares of the company. The insider transaction history for Steel Dynamics Inc shows a trend with 0 insider buys and 9 insider sells over the past year.
Shares of Steel Dynamics Inc were trading at $129.55 on the day of the transaction, giving the company a market cap of approximately $20.44 billion. The price-earnings ratio of the stock is 11.99, which is lower than the industry median of 15.11.
The stock's GF Value is estimated at $102.61, indicating that Steel Dynamics Inc is modestly overvalued with a price-to-GF-Value ratio of 1.26.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from analysts.
This insider sale may be of interest to investors tracking insider behaviors and evaluating the valuation metrics and trends of Steel Dynamics Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
